Re: Crypto Market Will ‘Absolutely’ Grow 1000x and More
The founder's of binance has been bullish on cryptocurrencies for quite some time now and I think that is what other should do.
I don't think that's a valid reason to become bullish. Binance CEO has an exchange to operate within an industry that thrives on boom cycles in order to generate volume and attract new users. Even if the days of crypto are coming to an end he will tell you that crypto will grow 1000x in the forthcoming years. that ignores why CZ launched an exchange to begin with. you think he launched an altcoin exchange last year because he thought crypto was about to crash forever? selling shovels isn't profitable when the gold rush is already over.
he's obviously very bullish on cryptocurrency. he started at blockchain.info and then put okcoin on the map as CTO. the guy lives and breathes crypto and has made clear that he holds most of his wealth in crypto.
not that any of this matters. he could be entirely wrong. but i'm confident this isn't some sort of ploy to drive binance volumes up......
Bitcoin's x1000 times are over, heck, we may not even see x100 anymore. I don't even see Ethereum do a x100 from where it is right now. The real party starts when the crypto market falls apart and only the main currencies manage to survive, and that time will come eventually.
i disagree. if/when the legacy financial world and central banks drive the bubble of bubbles, the liquidity vacuum that characterizes bitcoin can definitely cause spikes into the millions. price won't stay there, but i wouldn't be surprised whatsoever to see $10M bitcoins within the next 5-10 years.